GM legends ☕️
Looks like Asia and Europe got bored of the US dumping everything so decided to front run them by dumping overnight.
My current trading situation is as follows:
Got a lot of stables as I've not been holding many alts because I formed a thesis a while ago that we were in a bull market for Bitcoin but not for anything else because IMO alts topped in May 2024.
Thankfully the big chunk of stables I have has made this move down hurt a lot less.
Sold Solana at $180 last year and $156 this year after doing big buys at $25 and $70 <- this was last one was with $JITO airdrop.
I sold all my Solana because I don't believe in the project and I catch the leadership's main talking heads often outrightly lying and/or gaslighting. Also, their inflation + unlocks are really high and I believe it matters a lot.
I've continued to hold $ETH after only selling a small amount for profits after buying a lot at $1200-$1400 - it's very likely I'm going to round trip a lot of my unrealised profits. I just hate the idea of not having a big bag of ETH at all times.
My $HYPE buys are down 15%. I was late and I have become exit liquidity for airdrop farmers, I'm ok with that it was a small position and I've farmed some hyperEVM.
$BTC I sold some above $100k bc of Saylor and all the DAT stuff, just felt bubble-esque.
I hold some alts like $HOME + $KAITO as they helped with infoFi things I was doing.
I'll sell the remainder of my alts for dust today and scrape together about $3k or so, they've depreciated so much now I don't see the point in holding them.
I'm not trading perps as easy mode has stopped. I'd love to scoop some very cheap stuff on a big panic dump wick of capitulation - but right now the slow grind down means I'm not as interested.
None of this is financial advice, my risk tolerance is low, I'm mid 30's and have a wife + child + looking for a new house.
Thanks for coming to my Ted Talk.
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